New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-05-14
IN ", e. COMMONS STABLE
ma FIRMS MISSING BOOKS HEARD FROM.
mn oryEns TO GIVE TrtE PACIFIC COMMISSIONERS
ACCESS TO THRM AND THRY ACCEPT

mn oryEns TO GIVE Trtg PACIFIC COMMISSIONERS
ACCESS TO rHRM AND THEY ACCEPT
VIA PRotac Railroad Commissioners we're treated to
priso Yesterday For several days they have peen
irving 10 discover the raoe OF conccalment OK WASH.
inyton r. Conner e. Co.'s--Isy Gould's Arm-sccount
hnnt, ,rhoh disappeared or wsro said to have van'
tshed In sucb O mysterious manner como time ago,
Their efforts met with better success tnah 'noso
others who had undertaken the same tass' No 9ae
eeemod to have any knowledge ON tue suoJeo" mr.
Moros;n, when before the board on Thursday, swore
q; a.. n"st nos,,iye manner as he did Ia court year
ago that he had not the slightest knowledge on the
snbiect and conveyed the impression that his iRno-
rsnoo on this point VAS, TOR all purposes OF the Oom
misson, shared by his former partners ihose VINO
heard him thought too. This caused their supris
when Mr. Conner took the stand yesterday and tod
the Commissioner that the missing books we're NJ MS
stabe la Fortytourthst.. and that the ooaro was az
liberty TO examine them as much as u DESIRED "r'
Conner was the last witness OF the Day IreVouS "
his arrival mr. Sage who had been on the stand at IN
teryals since Thursday morning, was examined
James r. Keene was also called. but be was only
asked te~ questions -,
In resuIninc Mr. Sage said that he owned one-sxth
terest In ts St Louis poul the rest belonged to Mr.
Gould For this one-sixth Mr. Sage paid little over
100000. At the time OF the consolidation ne heid
s77 shares OF Kansas Pacific stock, l4,7Vo shares
of Union Pacific, $685. worth Of Kansas racine
consolidated bonds, $4,000 in St. Joseph
and Pacific bonds, Sl159 Kansas and Nebraska,
he ssid were purchased IN open market Mr.. douid
was also large holder of these securities at this time
but to what extent he could not say he was unaoie
to say whether Mr.. Gould signed or 79coo shares OF
Kansas Pacific stock at the consolidation or not Mr.
Anderson asked him If he knew what Mr. Gould PAID
for what he held at this time.
mo. DON'T reioiued Mr.. Sage. I" | never heard
him saw aud never asked him. get him on the stand
and 6nd out for yourself what be paid. MI. 1ouid'
like me- attends TO his own business"
Of Mr. resignation a
IN the Union Pacific Just before the consoica tlon
was taken up. Mr.. Sage declared that he tdla not
know WHY Mr.. Gould took this STEP =.
Couldn't you guess his motiveF asked the 'oni-
no. am not in the hab, OF guessing about peo-
pies motives. Judge by their acts" ,,...:
tion as director in the Union Pacific when he did,
because be knew he taking stock IN other roads
that as director be had no right to takeT ~
Mr. sare again answered in the negative Tho
minnie. of the meeting stating that he had moved the
acceptance OF Mr. Gouds resignation were read. ou'
thia did not refresh his memory. MT Anderson III
oured about the details oil the meeting at whlch con-
solicitation was decided upon, but the tness reineil
bered few of them. MI. Chadwick. the Government
director who wss at the meeting and opposed the
saj;dst;,n he said was dead. This announcement
caused Commissioners Litter to remark The good
Mr. sage vas asked about the resignation OF Mr.
Gould as a director in the Kansas Pacihc.
"Did Mr. Gould tell you that he was gong 10 re-
sign ~ Mr. Anderson inquired. - -
He NAV have said so, but doubt it. Mr.. Gould is
not in the habit OF saying what he is going to DO MI
he does it, OF course he intended that his resignation
would be accepted. He meant business
Continuing, he said that the company had been con
sdering the desirab,ty OF purchasing a Nt Oh CT
.loseph and Western Kansas and Nebraska 81
Joseph Bridge and other securities MOS. Vi tnese'
he understood were to be furnished by Mr.. Gould
Int he did not know that Mr.. Gould resigned ex
pressy to make The sale. He thought that the com
pany did right in making these purchases ana suDse-
quent experience had confirmed this view. ouo;o
On reassembling after recess mr. sage was again
mt on the stand and asked to explain why the coDso-
dated company had thought it desirable to guy the
1915 shares of the Union Pacific central btanch
stoc al S239 share when the total assets OF this
line were about $20OO,OO0 less than Its liabilities.
He replied that this was most valuable properly IL
was now paying ~ to II per cent. It's hnanenl con-
ditlop at the time he thought was no more an argt-
ment against its Inherent worth han that OF ht ndreds
Of lots which do not yield enough perhaps 10
nav the taxes on them. Main roads. be ADDED, were
often compelled to pay fancy prices Tor orauch mes
TO keep them out OF the hands OF rival companies.
Concerning the Kansas Central seenre So ana ae e
little. Nor could he say how muen he received iol
the Denver, South Park and Union racine bonus
which he sold the company but he knew he MADE a
Al This point c. p. Huntington came in and informed
The Commissioners that he gong to Europe lie
exrected to be absent about mouth and was as eA-
eused for that period Alter some iurtIer tax ABOUT
tue branch roads Mr. Sage was excused Tor Tue pres
emit !. III come back any time he remarked. " IN
ready % come here all the summer TO assist the Con
mission" , 49,, .o.i uo .,;d
thai he was director in the Union Pacific, having as
snm,l the Office to please Mr. rage, but ~ds not dt
the meeting for the consolidation. little while pc
fore the on-odatiOn he and Mr. Sage had oDnght
10000 shares OF Union Pacific IRON Mr. Gould at 10
All this was disposed OF before the meeting
Mr. Conuor when called said that he was broker,
but retired from business last January AT ne ,no
nj the consolidation he said. lie was In business
alone. The firm OF w. +. Conner q Co was not
tormed until 1881 he bad the books covering his
own transactions and those OF the firm go
Where are they I" Mr. Anderson ASKED with some
astonishment. , r., 49,.
At my stables Forty-fourth-st.," replied MT
Conner calmly ,,,. A.,
He added that the Commissioners could nave them
but be suggested that they send their accountant ana
have him take of trans crpt OF the accounts IRON
June l. 1878, to July l. 1880, and he would sehd MS
own bookkeeper TO assist in this work .
The Commission accepted his sugeeStion ana DE
eided 10 send ian at once. Mr. COnnor was asked
about the consolidation but he said that he had only
q general recollection OF it.
The investigation will 90 on this morning